SingTel can't salvage $190,000 in transfer pricing deductions on $14.2B Optus buy

SingTel can’t salvage $190,000 in transfer pricing deductions on $14.2B Optus buy

Tax 2022-03-24 4:44 pm By Miklos Bolza | Sydney

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SingTel has been blocked from making $190,000 in tax deductions after the Australian Taxation Office won its Federal Court case against the Singaporean teleco over transfer pricing benefits related to the $14.2 billion acquisition of Optus.

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